The latest gold and silver rates in Pakistan reveal fluctuations in the precious metals market. Both gold and silver prices continue to capture attention, reflecting changes in the international and domestic markets.
On Tuesday, December 10, 2024, the per tola price of 24-karat gold reached Rs. 283,000 in the local market. This rate, provided by the Pakistan Sarafa Market, marked a significant value for gold enthusiasts.
Gold Prices by Measurement
- 1 Tola (24K): Rs. 283,000
- 10 Grams (24K): Rs. 242,550
- 1 Gram (24K): Rs. 24,263
For 22-karat gold, the price stood at Rs. 22,239 per gram, while 21-karat gold was priced at Rs. 21,230 per gram.
Silver Rates in Pakistan
Silver also recorded notable figures in the market. The per tola price of 24-karat silver in Pakistan was Rs. 3,369. The per gram price was reported at Rs. 289.
Silver Prices by Measurement
- 1 Tola (24K): Rs. 3,369
- 1 Gram (24K): Rs. 288.84
- 1 Gram (22K): Rs. 265
- 1 Gram (21K): Rs. 253
These figures reflect the rates in Karachi, which serves as a benchmark for other cities in the country.
Why Are Prices Fluctuating?
Experts attribute the rising gold and silver rates to various factors. These include changes in international bullion prices, fluctuations in the currency exchange rate, and local market demand.
The ongoing depreciation of the Pakistani rupee against the US dollar has also contributed to the rising costs of precious metals in the country. Additionally, global economic uncertainties have pushed investors towards gold and silver as safe-haven assets.
How to Calculate Gold and Silver Rates?
For those looking to calculate gold or silver prices, tools like the Gold Conversion Calculator and Silver Conversion Calculator are available. These tools allow users to calculate prices by weight for specific karat values, including 24K, 22K, and 21K.
Investors’ Outlook
Investors remain optimistic about the precious metals market. Many see gold and silver as reliable assets during times of economic instability. Analysts predict that prices may continue to rise in the near future, especially if international market trends persist.
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